Tesla Gross Profit
Gross Profit of Tesla 2009-2019.
Amounts are in millions.
|Year||Gross Profit (Millions)|
2019: Gross Profit of Tesla remained nearly flat in 2019 compared to the last year. Its gross profit for 2019 reached $4,069 million in 2019 from $4,042 million in 2018. net revenue of the company grew by around $3 billion in 2019 compared to the rpevious year. 2019 net revenue of Tesla reached $24.6 billion compared to $21.5 billion in 2018.
2018: Gross Profits of Tesla increased to $4,042 millions in 2018, rising from $2,222.5 millions in 2017. Tesla is an innovative automotive brand known mainly for its fully electric vehicles. However, the company aslo generates its revenue from energy generation and storage products.
Tesla has released three models of cars incuding Model S, Model X and Model 3 which it also expects to release a cheaper variant of in future at a starting price of only $35,000. The rest are premium models made for the higher end market. These cars also come loaded with great features and style.
Tesla is a renowned global brand of electric vehicles. It was founded in the year 2003. The company is headquartered in Palo Alto, California, United States. Apart from automobiles, Tesla also sells energy generation and storage systems. The automobile product range of Tesla includes Model 3, Model Y, Model S, Model X, Cybertruck, Tesla Semi and a new Tesla Roadster. The company is led by its CEO Elon Musk. In 2019, Tesla delivered around 367,500 vehicles.
[For further insights check out the form 10K of Tesla.]